KR Choksey has come out with its third quarter (October-December’ 20) earnings estimates for the IT sector. The brokerage house expects Persistent Systems to report net profit at Rs. 109.8 crore up 7.6% quarter-on-quarter (up 24.9% year-on-year).
Net Sales are expected to increase by 3.2 percent Q-o-Q (up 12.7 percent Y-o-Y) to Rs. 1,040.2 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.9 percent Q-o-Q (up 48.3 percent Y-o-Y) to Rs. 119.5 crore.
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